====RetailMeNot (SALE) to be acquired by Harland Clarke for $630 million or $11.60/sh

  

Shares of Internet deals purveyor RetailMeNot (SALE) are up $3.81, or 50%, at $11.56, in late trading, after being briefly halted, after payments company Harland Clarke Holdings, a San Antonio, Texas-based provider of payments, marketing and retailing products, and a division of Ron Perelman’s McAndrews & Forbes holding company, said it will buy the company for $11.60 per share in cash.

RetailMeNot, which went public in mid-2013, had seen its shares fall about 9% in the past year, before tonight’s buyout.

Harland said RetailMeNot’s offerings will complement those of Valassis, a provider of “intelligent media delivery,” to produce a trove of “valuable offers” and “the consumer savings destination of choice.”

Perelman’s McAndrews owns a variety of businesses including cosmetics maker Revlon (REV).